Indian-origin billionaire bros to pick stake in UK supermarket chain Asda

Indian-origin billionaire brothers Mohsin and Zuber Issa are set to acquire a majority stake in the leading UK supermarket chain Asda from its US owner Walmart after a $ 8.8-billion deal was struck......

RBI Ban Will Hike Housing Prices

A 5% increase is expected due to additional interest on approval costs. Illustration: Dominic Xavier/Rediff.com   Property developers' approval costs are likely to go up owing to the recent......

Realty goldmine or citizen minefield, Dharavi makeover gets wiggle room

Asia's largest urban slum, spread over 600 acres in the heart of India's financial capital, is home to an informal leather and pottery industry employing over 100,000. Raghavendra Kamath reports.......

Redeveloping Dharavi is not viable for us: HDIL

Mumbai-based property developer Housing Development Infrastructure says it has pulled out of the Rs 15,000 crore Dharavi Redevelopment Project as the latter does not seem viable. Instead of......